ASML Holding N.V. $ASML Shares Sold by Acumen Wealth Advisors LLC

Acumen Wealth Advisors LLC lowered its position in ASML Holding N.V. (NASDAQ:ASMLFree Report) by 77.4% in the first quarter, HoldingsChannel reports. The firm owned 703 shares of the semiconductor company’s stock after selling 2,410 shares during the period. Acumen Wealth Advisors LLC’s holdings in ASML were worth $929,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Boston Common Asset Management LLC acquired a new position in ASML during the 1st quarter worth about $4,355,000. Bingham Private Wealth LLC acquired a new position in ASML in the 4th quarter valued at about $1,444,000. Cambridge Investment Research Advisors Inc. grew its position in ASML by 3.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company’s stock valued at $24,036,000 after acquiring an additional 760 shares in the last quarter. Ervin Investment Management LLC increased its stake in ASML by 1,236.4% during the fourth quarter. Ervin Investment Management LLC now owns 33,037 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 30,565 shares during the period. Finally, Keybank National Association OH lifted its position in shares of ASML by 21.3% during the fourth quarter. Keybank National Association OH now owns 65,354 shares of the semiconductor company’s stock worth $69,920,000 after purchasing an additional 11,459 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

More ASML News

Here are the key news stories impacting ASML this week:

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Barclays reissued an “overweight” rating on shares of ASML in a research note on Thursday, July 16th. Berenberg Bank reissued a “buy” rating on shares of ASML in a research report on Friday, May 8th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research report on Thursday, June 11th. Weiss Ratings upgraded ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Finally, Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a report on Monday, June 1st. Four analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,970.33.

Get Our Latest Stock Report on ASML

ASML Stock Up 3.6%

Shares of ASML stock opened at $1,801.51 on Wednesday. ASML Holding N.V. has a 52-week low of $683.48 and a 52-week high of $1,999.96. The company has a 50 day moving average of $1,741.07 and a 200 day moving average of $1,513.33. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $708.50 billion, a P/E ratio of 56.05, a P/E/G ratio of 0.93 and a beta of 1.78.

ASML (NASDAQ:ASMLGet Free Report) last announced its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. The company had revenue of $10.64 billion for the quarter. As a group, research analysts forecast that ASML Holding N.V. will post 41.59 EPS for the current fiscal year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th will be issued a $2.1507 dividend. This represents a $8.60 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, July 28th. ASML’s dividend payout ratio is 33.51%.

ASML Profile

(Free Report)

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

Further Reading

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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